Title: Note 2: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center (the “Organization”), under programs of the federal government for the year ended February 28, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center, it is not intended to and does not present the financial position, results of operations, change in net assets, or cash flows of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Note 3: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center (the “Organization”), under programs of the federal government for the year ended February 28, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center, it is not intended to and does not present the financial position, results of operations, change in net assets, or cash flows of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center, has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 4: Federal Loan Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center (the “Organization”), under programs of the federal government for the year ended February 28, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center, it is not intended to and does not present the financial position, results of operations, change in net assets, or cash flows of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center, did not have any federal loan programs during the year ended February 28, 2023.
Title: Note 5: Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center (the “Organization”), under programs of the federal government for the year ended February 28, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center, it is not intended to and does not present the financial position, results of operations, change in net assets, or cash flows of Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Rural Alliance for Better Family Health, Inc., d/b/a Southern Missouri Community Health Center, did not receive donated Personal Protective Equipment (PPE) from a federal source during the year ended February 28, 2023.